Armenian provinces getting $7.4 million financing from World Bank

Armenian provinces getting $7.4 million financing from World Bank

PanARMENIAN.Net - Armenia’s health system response to Covid-19 and potential future pandemics, including hospitals’ capacity for case management and intensive care, will benefit from $7.4 million in Additional Financing for the Disease Prevention and Control Project, approved by the World Bank’s Board of Executive Directors on Thursday, February 4.

The project will support the Government of Armenia in closing financing gaps for the construction and equipment of Martuni Medical Center in Gegharkunik region, and for the construction and equipment of a new medical center in Vayots Dzor region.

The challenges experienced in providing hospital care are acute, especially in Vayots Dzor region, which has not received investments to upgrade the hospital infrastructure for several decades. Due to limitations in hospital capacity during the pandemic for clinical management of Covid-19 cases in Vayots Dzor region, cases requiring intensive care were transferred to hospitals in surrounding regions, introducing delays in accessing services and increasing the risk of mortality.

“Strengthening the supply of quality health care services has been at the heart of our support to Armenia’s health reforms,” said Sylvie Bossoutrot, World Bank Country Manager for Armenia. “I am particularly pleased that this project will allow over 137,000 people in the Gegharkunik and Vayots Dzor regions to access quality medical care. I am also very proud of the number of regional medical centers we helped construct and equip: 18 in total, as a result of the longstanding collaboration between the World Bank and the Republic of Armenia.”

The $7.4 million in Additional Financing is an IBRD loan of variable-spread, with a 14.5-year grace period and a total repayment term of 25.5 years. Since joining the World Bank in 1992, and IDA in 1993, commitments to Armenia have totaled approximately $2,434,734 million.

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